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Description

Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 29 West 125th Street, a 5-story mixed-use building in the heart of Harlem.

The 5-story walkup building contains three (3) large, renovated floor-through 1-bedroom apartments (± 1,500 SF each) and retail on the ground floor. The 2nd Floor is designated as a showroom on the C of O and presently used for storage by the retail tenant. Every tenant has an individual boiler and water heater. Retail rent (blended) is presently at $17.52/SF which can easily be (doubled/tripled) upon re-tenanting the space. Residential rents average $24/SF, offering considerable upside as well.

Nearby Transportation

Situated on the north side of 125th Street between Lenox & 5th Avenues, the property is located one block from the 125th Street [2, 3] subway station.